Instadapp Lite x PWN

Gear up for a seamless DeFi synergy. With the new Instadapp Lite integration, ETH v2 pool depositors can now use their iETHv2 tokens as collateral to borrow on PWN while remaining exposed to Instadapp’s yield strategies.

Instadapp

Instadapp Lite is the easiest way to deposit to earn interest on some of the most popular DeFi assets on the market. Instadapp Lite utilizes protocols like AAVE, Compound, and Morpho with Lido Staked Ether (stETH) and Instadapp's own DeFi Smart Account architecture. Users simply deposit funds into their desired Strategy Vault and Instadapp Lite maximizes their gains by reducing the number of transactions, saving on gas, automating fee collection, and simplifying the overall process of setting up and actively monitoring a DeFi strategy.

In other words, Instadapp Lite makes it easy for anyone to deposit and earn on DeFi strategies without having to do the work. More yield, less stress.

Why use Instadapp iETHv2 tokens as collateral on PWN?

PWN lets you use your iETHv2 tokens as collateral to borrow the asset of your choice, so you can seize more DeFi opportunities or unlock looping strategies by redepositing in the vault. And there’s more:

• High-quality asset: iETHv2 tokens can be redeemed for stETH or ETH, making them a highly trusted, desirable collateral for lenders.

• Yield-bearing collateral: Your iETHv2 works for you while you use it as collateral so you can offset your borrowing costs.

• Flexibility meets predictability: Borrowers can choose their loan terms (borrowed asset and amount, LTV, APR, duration). Once set, they remain immutable for the entire loan duration.

• No-price based liquidation: Forget about price fluctuations. The only way to lose your collateral is to miss the loan repayment deadline.

• Bundled leverage: You can bundle multiple assets to create a single collateral and unlock additional liquidity (you can mix your iETHv2 tokens with NFTs and other ERC-20s).

HOW DOES PWN WORK?

ABOUT PWN

PWN is a peer-to-peer permissionless lending protocol. In the true spirit of DeFi composability, PWN users can borrow against—or lend using—any asset in their wallet (ERC-20, NFT, and even a bundle of both), while enjoying absolute flexibility on the loan terms (LTV, duration, APY, etc.). The oracle-less nature of the protocol protects all PWN loans from price-based liquidations. The only way to lose collateral is to default on a loan.

Operating on six EVM-compatible networks*, PWN opens up new liquidity avenues, composability options, and leverage opportunities, while giving its users both optimized capital efficiency and predictability on both sides of the loan. A win on all fronts.

*Ethereum, Optimism, Arbitrum, Base, Binance Smart Chain, Polygon, Cronos